-Newsclick.in The poor, salaried, businesspersons -- all are unhappy. For, the underlying macroeconomics is wrong – the finance minister is trying to solve the aggregate demand problem by supply-side economics. The annual budget of the Union government was placed in Parliament on the February 1, 2020. In the very beginning of her second budget speech, finance minister Nirmala Sitharaman mentioned that “this is the Budget to boost their (people of India) incomes...
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An SOS from Bharat's poorest citizens -Sayantan Bera
-Livemint.com * The budget barely increased funding to social welfare schemes at a time India’s poorest desperately need succour * At the beginning of every financial year, social schemes start with arrears, leading to delayed payments. To break this vicious cycle, funding needs to be increased MUZAFFARPUR (BIHAR): "Dena hi padega BDO, dena hi padega Har haath ko kaam aapko, dena hi padega." (You have to, oh BDO, you have to You have to give work...
More »The Budget's blurred social sector vision -Dipa Sinha
-The Hindu Low allocations and specific policy statements point to greater privatisation and withdrawal of the state Finance Minister Nirmala Sitharaman began her speech by saying that the Union Budget was “woven around three prominent themes” — aspirational India, economic development for all and building a caring society. Achieving any of these would require extraordinary efforts on the social sector front starting with allocating additional resources for health, education, nutrition, employment...
More »Falling short of aspirations -Ram Singh
-The Hindu The economic outlook rests on government meeting investment targets and keeping promises made to stakeholders There were many expectations from the Union Budget 2020: that it would reverse the falling growth rate, reduce unemployment and rekindle the animal spirits needed to revive private investment. Does the Budget really hold out the promise on these counts? To answer the question, the Budget can be judged in terms of its effect...
More »What's there for water in the budget kitty? -Partik Kumar
-India Water Portal Budget fails to allocate enough to turn the rhetoric of tap water to each household into reality. Union Finance Minister Ms. Nirmala Sitharaman presented the decade's first union budget in the parliament on 1st February 2020. While presenting budget for 2020-2021, she started with the country’s vision for the decade in which she emphasised on water management and clean rivers as one of the 10 points of vision for...
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